CSC finalises Intertrust acquisition
Compliance solutions company CSC is due to finalise its acquisition of Intertrust Group, an administration services provider.
In December 2021, Intertrust previously agreed to a €1.8bn takeover bid from CSC, representing a share premium of 59%, after CVC pulled out of a deal worth €1.63bn.
The addition aims to combine the country coverage, knowledge and skill sets from both firms. In combination, CSC and Intertrust Group will have 7,500 employees across over 140 jurisdictions.
Intertrust Group offers technology solutions to its clients, based around fund and entity management. Its workforce of 4,000 professionals offers corporate, fund, capital market and private wealth services across 30 jurisdictions.
CSC provides compliance and legal solutions, UCC consultation, eRecordings, corporate tax software, domain management, and brand protection services across the US, Europe and Asia.
“We have a long history of success in acquiring and integrating companies in a manner that benefits both our clients and our employees. Our employees appreciate not only our stability, which comes from CSC being a private company with a strong financial foundation and long-term perspective, but also our passion for working with each other to best serve our clients,” says Rod Ward III, president and CEO of CSC.
“We have always been impressed with CSC’s strong client-first reputation,” says Iyer. “We believe the market will benefit greatly from the combination of two of the leading providers of corporate, fund, and compliance solutions.” adds Shankar Iyer, CEO of Intertrust Group.
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